• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , April 5

THE auctions of the 6.85 per cent Government bond 2012 and the 7.95 per cent Government bond 2032 were oversubscribed on Tuesday.

According to a dealer with a private broking house, the results were as expected. For the 7.95 per cent 2032 bond (27-year paper), the notified amount was Rs 3,000 crore. The Reserve Bank of India received 135 competitive bids amounting Rs 5,983.50 crore. The cut-off price was Rs 101.75 (7.79 per cent YTM).

Of the competitive bids, 71 were accepted, amounting to Rs 2,986 crore. The amount of underwriting accepted from the primary dealers was Rs 1,540 crore. The RBI received and accepted 6 non-competitive bids for the 27-year paper, amounting to Rs 14 crore.

For the 6.85 per cent 2012 paper (7-year paper), the notified amount was Rs 5,000 crore.

The RBI received 316 competitive bids amounting to Rs 10,755.50 crore. The cut-off price was Rs 100.25 (6.80 per cent YTM). Of the competitive bids 136 were accepted, amounting to Rs 4,980.32 crore. The amount of underwriting from the primary dealers was Rs 3,845 crore.

The RBI received and accepted 9 non-competitive bids for the 7-year paper, amounting to Rs 19.68 crore.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
US data keep sharp rate hikes at bay

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line